Continuous Mortality Investigation

The CMI has today published its weekly mortality monitor for week 27 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn

A reminder that the deadline for applications to the join the CMI Executive Committee is Monday 22 July. This is an exciting opportunity for individuals with an interest in the CMI’s work on mortality and morbidity, and how this provides value to a wide base of subscribers. The role allows for opportunity to oversee to the work of the CMI and its investigation committees whilst also to ensuring the strategic direction of the CMI remains appropriate. More details are here: https://lnkd.in/gKVR5ekN

Recent mortality tracking pre-pandemic lows, says CMI The Continuous Mortality Investigation (CMI) publishes frequent mortality analysis for England & Wales through its mortality monitors. Today’s updates cover week 26 of 2024 (to 28 June 2024) and the second quarter of 2024, based on provisional England & Wales deaths data published by the Office for National Statistics (ONS) on 10 July 2024. The key points are:     * Mortality in the first half of 2024 was similar to the record low mortality seen in the first half of 2019. This is a significant improvement compared to 2023, with cumulative mortality rates currently 3.4% lower. * All age groups have seen lower mortality in the first half of 2024 than in the first half of 2023. * Mortality compared to the 2014-2023 average varies by age. Mortality for ages 20-44 is 1.1% above the ten-year average while mortality for ages 75-84 is 4.4% below it. * There were around 5,200 deaths involving COVID-19 registered in the first half of 2024, compared to around 11,700 in the first half of 2023 and 20,700 in the first half of 2022. * Average mortality over the last twelve months is close to the record low, with only periods including 2019 having had lower annual average mortality. Cobus Daneel, Chair of the CMI Mortality Projections Committee, said: “During the peak of the pandemic, we saw periods of high and volatile mortality. However, over the past five quarters we have seen mortality rates close to all-time lows and following typical seasonal patterns." "The overall mortality rate is dominated by older ages, which are experiencing low mortality. In contrast, mortality in the working-age population is still higher than pre-pandemic lows." "It remains to be seen what the remainder of 2024 will bring – 2014, 2019 and 2022 all had similar mortality to 2024 in the first half of the year, but very different experience in the second half.” All mortality monitors available from: https://lnkd.in/gepZwWn

The deadline for applications to the join the CMI Executive Committee has been extended to Monday 22 July. This is an exciting opportunity for individuals with an interest in the CMI’s work on mortality and morbidity, and how this provides value to a wide base of subscribers. The role allows for opportunity to oversee to the work of the CMI and its investigation committees whilst also to ensuring the strategic direction of the CMI remains appropriate. More details are here: https://lnkd.in/gKVR5ekN

We have today published Working Paper 192, which includes the anonymised results of the CMI Model 2024 benchmarking survey.  The survey asked insurer and reinsurer Subscribers about their use of the CMI Model and we were pleased to receive responses from 22 Subscribers, including 16 insurers and 6 reinsurers. Key results of the survey include: -> CMI_2022 was the most commonly used Model version at 31 December 2023 and CMI_2021 was the most commonly used Model version at 31 December 2022. -> Of those respondents who indicated a likely Model version for use at 31 December 2024, over half indicated CMI_2023, with around a quarter intending to use CMI_2022 and no respondents expecting to use CMI_2020 or earlier versions. -> We asked respondents to provide an indication of their best estimate view of the specific impact of the pandemic on the trend component of life expectancy. The liability-weighted average impact was a 1.8% fall in life expectancy. -> The paper also contains information on parameters used, life expectancies, and differences between insurers and reinsurers and between longevity and mortality protection books of business. The paper is available on the CMI website: https://lnkd.in/e7n3s_ks

The CMI has today published its weekly mortality monitor for week 25 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn

A reminder that the deadline for applications to join the CMI Executive Committee is Monday 8 July. This is an exciting opportunity for individuals with an interest in the CMI’s work on mortality and morbidity, and how this provides value to a wide base of subscribers. The role allows for opportunity to oversee to the work of the CMI and its investigation committees whilst also to ensuring the strategic direction of the CMI remains appropriate. More details are here: https://lnkd.in/gKVR5ekN

The CMI has today published its weekly mortality monitor for week 24 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn

The CMI is looking for volunteers to join the Executive Committee. This is an exciting opportunity for individuals with an interest in the CMI’s work on mortality and morbidity, and how this provides value to a wide base of subscribers. The role allows for opportunity to oversee to the work of the CMI and its investigation committees whilst also to ensuring the strategic direction of the CMI remains appropriate. We would like to hear from you if you are interested or if you would like to find out more. More details on the role itself, how to apply and who to contact if you'd like to discuss this further can be found on the IFoA Volunteer Vacancies page: https://lnkd.in/gKVR5ekN The deadline for applications is Monday 8 July.

The CMI has today published its weekly mortality monitor for week 23 of 2024. All mortality monitors available from: https://lnkd.in/gepZwWn